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By Tom Winnifrith | Wednesday 28 January 2015
I am goaded into writing a letter to those responsible for the only financial websites that matter (ADVFN, iii, LSE and Motley Fool) asking them to follow our lead at ShareProphets and to publicly refuse to take any advertising from Pacific Tycoon because quite simply it is a scheme that will ensure readers lose money.
Pacific Tycoon promises bumper returns from renting out shipping containers in Asia. The returns it promises are amazing. And yet after rewarding investors it still spends vast sums on renting lists from financial websites to promote its scheme. The fact that it pays so much more than normal is a Red Flag in itself. And why does it market so aggressively if the returns are both that good and real?
It must be tempting for some media owners to take the cash. We have refused point blank to take its advertising because as I have written HERE, HERE and HERE we think it is a big con. And we do not want any part of it.
I note that on my personal website – www.TomWinnifrith.com – there is constant stream of posts under my PT exposes from apparently satisfied clients urging others to sign up. Surely they know that if PT is flooded with capital for expansion returns will fall? I somehow doubt that these are satisfied clients I am well aware of what is going on.
Pacific has in the past written to me asking me to withdraw my articles because they damage its internet reputation. As you might have guessed I told them to fuck off and so here is another article. The letter to the media owners that matter follows:
I am aware that Pacific Tycoon is offering very high payments to rent mailing lists from financial websites in the UK. This must be a tempting proposition. However I ask you to state publicly that you will not take this cash and perhaps to go one step further and explain on your websites to your readers why you are taking this decision.
I refer you to the following articles I have published on this company, HERE, HERE and HERE.
It is not FCA Regulated and so there will be no compensation for your customers when it implodes.
I urge you to act responsibly and to publicly confirm that you will not take this advertising, a pledge we have always been happy to make on ethical grounds here at www.ShareProphets.com
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